News
Inter Pipeline’s polypropylene plant near Fort Saskatchewan gets final investment decision
Project will create 2,300 full-time construction jobs, 180 full-time operational positions Calgary-based Inter Pipeline says cheap propane feedstock and low electricity rates combined with the Alberta government’s petrochemical $200 million of subsidies will allow its polypropylene plant in the Industrial Heartland near Fort Saskatchewan to be competitive in the North American market when the facility opens in […]
Can oil and gas upstream cost savings stick?
Survey sees operators keeping close a close eye on cost inflation in 2018 The impact of the 2014 oil price collapse is still being felt across the upstream sector. Operators have cut investment, deferred projects and implemented tough cost discipline, slashing US$910 billion from global capital expenditure estimates for 2015-2020. While many operators believe the […]
US shale investment pouring in despite concerns on returns
US shale producers in prime fields have little trouble accessing cash Investors and financiers are throwing money into US shale production companies which will likely mean US output will continue to rise through the middle of the coming decade, according to a report by Reuters. The money is pouring into the shale producers, despite pressure […]
Production from offshore pre-salt oil deposits has increased Brazil’s oil production
Pre-salt oil deposits are under deep, thick layers of rock and salt and require substantial investment to extract Brazil has produced 3.3 million barrels per day (b/d) of petroleum and other liquids so far in 2017, according to U.S. Energy Information Administration data through Aug., up from 3.2 million b/d in 2016 – making it […]
Leopoldo López calls for reform of Venezuelan oil and gas sector
Venezuelan oil & gas reforms linchpin for country’s economic, social recovery Leopoldo López and Gustavo Baquero – co-authors of Venezuela Energética – have presented a bold new vision for Venezuela’s economic and social recovery, using dramatic reforms of oil and gas as the linchpin. López and Baquero state that “energy reform can be the pivot […]
Anti-pipeline group Bold Nebraska rallying against Keystone XL
Bold Nebraska meeting with landowners along approved route Bold Nebraska, the Cornhusker state’s main anti-pipeline group, is gearing up to fight TransCanada’s Keystone XL pipeline project which was recently approved by Nebraska regulators. The group is speaking with landowners it says were not given a voice in the regulatory process. These landowners are situated along […]
World Bank teams up with Canada to help developing countries transition from coal
Starting in 2019, World Bank Group will stop financing upstream oil and gas exploration and production in developing countries The World Bank says it will work with Canada to help developing countries transition away from coal-fired power generation. In a separate announcement at the One Planet Summit, the global organization set up to promote economic development and […]
Low-carbon economy will not be made by policy alone
Reversing course on low-carbon economy unwise for Canada, despite US stance By Glen Hodgson The transformation to a low-carbon economy has begun. Much of the public debate has been about the policy framework and instruments for shaping a low-carbon economy. Some of the basic economic fundamentals, such as the role of consumption and investment, and […]
Comparing Trump vs. Notley policies on decline of coal
Propping up domestic coal demand is an expensive snooze button By Meredith Fowlie The decline in U.S. coal-fired electricity generation is a good news/bad news story, depending on your perspective. The good news is that, as coal gets displaced by cleaner fuels, the climate changes more slowly, and we all breathe easier. But the pictures below […]
Column: Hedge funds start to take profits after oil rally
Hedge funds managers cut combined net long position in five major futures By John Kemp LONDON, Dec 11 (Reuters) – Hedge fund managers have started to take profits from the big rise in crude oil and refined products prices since June now the rally has lost momentum and inventories are showing signs of stabilizing. Portfolio […]
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